Biden plans solar manufacturing push to end project slowdown
Source: Boston Globe
(Bloomberg) -- President Joe Biden will take executive action to boost the US solar sector, seeking to revive clean energy projects stalled by a trade dispute and bolster domestic manufacturing so the nation’s climate efforts are less reliant on foreign suppliers.
Biden plans to invoke the Defense Production Act to provide support for US-made solar panels, said people familiar with the matter, who asked for anonymity to discuss private details before a public announcement expected as soon as Monday.
At the same time, the president is set to announce a two-year halt in new solar tariffs, which would allow domestic project developers to continue using foreign-made equipment while US manufacturing ramps up, two of the people said.
The moves are aimed at boosting oft-competing political priorities: combating climate change and nurturing domestic solar manufacturing that has struggled to compete with cheap imports. It’s possible Biden’s plan could do both in one swoop.
Read more: https://www.bostonglobe.com/2022/06/06/science/biden-plans-solar-manufacturing-push-end-project-slowdown/
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